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Yet Black Sea grain prices are at seven-year high

Thursday, March 4, 2021
Yet Black Sea grain prices are at seven-year high

Yet Black Sea grain prices are at seven-year high: corn at $260-267 a ton, wheat at $281-288 a ton, and barley at $256-$263 a ton, reported Reuters. In the last marketing year, Ukraine exported 57 million tons of grain. This year, the government predicts exports could decline to 45.4 million tons – a 20% drop. Dragon Capital wrote: “The recent surge in global grain prices should at least partially offset weaker volume exports.”

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